Weekly Changes : XAUUSD +2.08%
The XAUUSD finally broke through 1,770 USD due to the declines in the U.S. dollar, which helped spur a broad rally in raw materials.
Since December, gold headed for its best week amid a retreat in U.S. bond yields and news that China may import more of the precious metal one of the top buyers.
KEY POINTS
Gold is showing signs of breaking out of a plunge following three straight monthly losses. Prices rose above the 50-day moving average, a positive signal for traders who follow chart patterns.
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